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Nov 3, 2012
11/12
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energy falling 1.7%. and technology down 1.5% falling commodity prices weighed on some of their respective stock sectors. oil fell more than two dollars per barrel, settling at its lowest price since june. the u.s. dollar was higher on the back of the employment numbers and a more expensive dollar can put downward pressure on oil. oil giant chevron also hurt the energy sector and the dow. chevron had the biggest percentage loss among dow stocks. chevron did not make as much money has anticipated in the third quarter. earnings per share were well short of estimates. similar to exxon mobil, chevron also saw its production and fuel sales fall, hit by hurricane isaac in august, legal troubles in brazil and a refinery fire in california. shares fell 2.8%, closing at their lowest price since july. two bright spots for chevron were its smaller refineries processing cheaper oil from montana and north dakota. meantime, chesapeake energy fell to a three month low, down 7.9%. the company has been trying to reduce it
energy falling 1.7%. and technology down 1.5% falling commodity prices weighed on some of their respective stock sectors. oil fell more than two dollars per barrel, settling at its lowest price since june. the u.s. dollar was higher on the back of the employment numbers and a more expensive dollar can put downward pressure on oil. oil giant chevron also hurt the energy sector and the dow. chevron had the biggest percentage loss among dow stocks. chevron did not make as much money has...
218
218
Nov 1, 2012
11/12
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KQEH
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department of energy. that's down from more than 8 million without electricity last night. in addition to new jersey, more than 1 in 10 customersn connecticut, new hampshire, pennsylvania, rhode island and wt virginia have no power. ny nuclearrg power plants remai offline with two others operateding to produce capacity. >> we're joined from jupiter florida. whatt are your colleagues facing lewis? >> they're facing restoration process with a storm that covers so many states and has done so much damage as everybody is seeing on tv. they have many, many lines down, poles down, transformers damaged. substations that are under water, and have to get dried out. equipment vault that is are flooded. they lot of work ahead of them. >> tom: how does a ceo -- how do you begin to prioritize all of that work? >> aually, the priority is pretty well established before the storm even hits. every utiltd works with emergency operations center and developsua a priority list. typically the way it works is critical infrastructure customers get their power back first. critical infrastructure cus
department of energy. that's down from more than 8 million without electricity last night. in addition to new jersey, more than 1 in 10 customersn connecticut, new hampshire, pennsylvania, rhode island and wt virginia have no power. ny nuclearrg power plants remai offline with two others operateding to produce capacity. >> we're joined from jupiter florida. whatt are your colleagues facing lewis? >> they're facing restoration process with a storm that covers so many states and has...
144
144
Nov 2, 2012
11/12
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america's biggest publicly traded energy company, exxon mobil, saw production fall to its lowest level in three years last quarter. still, earnings per share were stronger than anticipated, helped by profits doubling in its refining business. but production fell more than expected. the company explained part of the drop was due to moving drilling rigs from going after low price natural gas to higher margin oil. shares were up a fraction, rising a half a percent. volume was stronger than usual. the stock is up 20% in the past year. the biggest retailer was the biggest drag on the dow with the market trying to gauge sandy's impact on business at walmart. the stock fell 2.1%. 294 wal-mart facilities were closed at one point during hurricane sandy, thanks to mandatory evacuations, safety concerns, and power outages. after the close, the focus was on starbucks. consumers continue buying their coffee and lattes. earnings were 46 cents per share. that's a penny more than estimates. revenues and profit margins were up by double digits each. shares were up 1.6% during the regular session. they'
america's biggest publicly traded energy company, exxon mobil, saw production fall to its lowest level in three years last quarter. still, earnings per share were stronger than anticipated, helped by profits doubling in its refining business. but production fell more than expected. the company explained part of the drop was due to moving drilling rigs from going after low price natural gas to higher margin oil. shares were up a fraction, rising a half a percent. volume was stronger than usual....
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140
Oct 31, 2012
10/12
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KRCB
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. >> susie: hurricane sandy has created an energy shock in the northeast, gas pumps aren't working, supplies are tight, and where there is fuel, there are long lines; reminiscent of the 1970's gas shortage. with two major gasoline refineries in the northeast region still shut down, capacity is off 10%. and with spotty power, especially in parts of new jersey, gas pumps don't work, so many gas stations are closed to drivers, and people looking to fuel their generators. >> tom: airlines, trucking companies and railroads are all working to untangle the mess left in sandy's wake. bridges into manhattan are now open again, but not all the traffic tunnels have re-opened, and the subway remains closed. airports are re-opening but getting the northeast moving again faces a long road ahead. darren gersh reports. >> reporter: at sandy's peak, flooding covered the runways at new york's laguardia airport. as the waters recede, f.a.a. technicians are repairing landing lights and navigational systems. and airlines hope they will be able to offer limited service at laguardia tomorrow. in washington, boston
. >> susie: hurricane sandy has created an energy shock in the northeast, gas pumps aren't working, supplies are tight, and where there is fuel, there are long lines; reminiscent of the 1970's gas shortage. with two major gasoline refineries in the northeast region still shut down, capacity is off 10%. and with spotty power, especially in parts of new jersey, gas pumps don't work, so many gas stations are closed to drivers, and people looking to fuel their generators. >> tom:...
275
275
Oct 31, 2012
10/12
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some of the public trade utilities hit,onsolidated edison, pepco, ppl andda first energy. travis miller covers them a for morningstar. travis, how will these companies pay for the repair job they're facing ahead of them? >> there's no question that utilities are in for a huge bill from this. and really, the last two years they've been hit multiple times with large rep pair bills and outages. if you're looking for utilities that come from repair costs they have to make, and putteding up flyers to bring back the power plants online, but also the lost revenue they have when utiltd customers are out of power and can't pay their bills because the system is out. >> tom: travis, do they have the operating cash flow to pay for these? are they going to have to borrow mony and issue bonds? >> >> we think the utilities, are well capitalized and have plenty of cash. in the scheme of things, these are multibillion companies, and you're probably talking about upwards of a billion dollars, our estimate for the bill, and at least for new york and new jersey. >> tom: you think they're in g
some of the public trade utilities hit,onsolidated edison, pepco, ppl andda first energy. travis miller covers them a for morningstar. travis, how will these companies pay for the repair job they're facing ahead of them? >> there's no question that utilities are in for a huge bill from this. and really, the last two years they've been hit multiple times with large rep pair bills and outages. if you're looking for utilities that come from repair costs they have to make, and putteding up...